TerraSpark - About the company
TerraSpark is a seed company based in Luxembourg (Luxembourg), founded in 2025. It operates as a Developer of orbital systems transmitting wireless solar energy to earth. TerraSpark has raised $5.75M in funding from Daphni. The company has 3 active competitors, including 2 that are funded. Its top competitors are NatPower and Electris.
Company Details
Developer of orbital systems transmitting wireless solar energy to earth. This technology captures solar radiation in space and converts it into low-density radiowaves for transmission to ground-based receiving antennas. These rectennas transform the incoming waves into usable electrical power for remote or isolated infrastructure. By bypassing traditional transmission cables and fuel logistics, the system provides continuous baseload electricity regardless of weather conditions or time of day. The process involves deploying satellites that maintain a steerable beam to deliver energy to specific ground locations. This approach supports critical operations that require reliable power without reliance on local grids or fuel supply chains. The infrastructure is designed to integrate with existing land use, allowing for dual-purpose applications while minimizing environmental impact. Through this wireless method, the technology aims to provide consistent energy access to areas where conventional power delivery is technically or economically challenging.
- Website
- terraspark.energy
- Email ID
- *****@terraspark.energy
Key Metrics
Founded Year
2025
Location
Luxembourg, Luxembourg
Stage
Seed
Total Funding
$5.75M in 1 round
Latest Funding Round
Ranked
2nd among 3 active competitors
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TerraSpark's funding and investors
TerraSpark has raised a total funding of $5.75M over 1 round. Its latest funding round was a Seed round on Mar 30, 2026 for $*****. 2 investors participated in its latest round. TerraSpark has 1 institutional investor and 1 angel investor.
Here is the list of recent funding rounds of TerraSpark:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 30, 2026 | 1504503 | Seed | 4214259 | 2477356 | 2956785 | 7930628 |
View details of TerraSpark's funding rounds and investors
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TerraSpark's Competitors and alternates
Top competitors of TerraSpark include NatPower and Electris. Here is the list of Top 10 competitors of TerraSpark, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | NatPower 2019, Luxembourg (Luxembourg), Series C | Operator of renewable energy industry, implementing high-profile projects | $53.2M | 48/100 | |
2nd | TerraSpark 2025, Luxembourg (Luxembourg), Seed | Developer of orbital systems transmitting wireless solar energy to earth | $5.75M | 26/100 | |
3rd | ![]() Electris 2020, Mersch (Luxembourg), Unfunded | Provider of sustainable energy solutions for individuals and businesses | - | - | 26/100 |
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TerraSpark's Investments and acquisitions
TerraSpark has made no investments or acquisitions yet.
Reports related to TerraSpark
Here is the latest report on TerraSpark's sector:
News related to TerraSpark
Media has covered TerraSpark for a total of 3 events in the last 1 year, 1 of them has been about company updates and 1 about partnerships.
•
Babcock & Wilcox Partners with TerraSpark for 1.6GW Coal Plant DevelopmentPower Technology•Jun 09, 2026•Babcock & Wilcox, TerraSpark
•
TerraSpark Raises Over €5M In Pre-seed Funding For Space-Based Solar Energy SystemsStartup Rise EU•Mar 30, 2026•Daphni, TerraSpark
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